http://www.forbes.com/sites/davidblackmon/2013/05/22/the-perplexing...
What we can hope is that the opening of new markets for U.S. natural gas can help stabilize the price at or slightly above its current level, at which most shale gas wells are economic to drill. That will result in the activation of more natural gas drilling rigs, renewed activity in dry gas plays like the Haynesville Shale, that have gone largely dormant due to extremely low prices, and the creation of thousands more jobs and generation of billions more dollars in royalty payments and state and local tax collections.
...this all sounds good to me.
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Permalink Reply by Hopeful About Natural Gas on Blackmon is well experienced in the O&G field. He's absolutely right - we need to get this debate beyond the simplistic "consumers will pay more" - they won't because we have so much shale gas!
It's really a smokescreen to slow development. However, it cannot be slowed for long. There are reasonable environmental concerns but the long term promise of shale gas (and oil) is too great to pass up. Americans will gain in the long run. We should be exporting this stuff ASAP.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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